Third independent director of Jaypee Infratech resigns within a week

Debt-ridden Jaypee Infratech, which is facing insolvency proceedings, on Wednesday said that its independent director Lalit Bhasin has resigned from the board.

In a filing to the BSE, the company informed that it has received intimation dated September 12 from Lalit Bhasin, Independent Director, conveying his resignation from the Board with immediate effect for personal reasons and other commitments.

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The Interim Resolution Professional (IRP) will place his resignation for acceptance in the next meeting of the Committee of Creditors.